Xodus Group, Cathie Associates and UTEC Geomarine have formed an industry leading consortium to deliver a study which will aim to reduce the costs of generating electricity from offshore wind farms in U.K. waters. The Carbon Trust’s Offshore Wind Accelerator (OWA), which brings together nine offshore wind developers (DONG Energy, E.ON, Mainstream Renewable Power, RWE Innogy, ScottishPower Renewables, SSE Renewables, Statkraft, Statoil and Vattenfall) in a joint industry project, is working towards reducing the cost of offshore wind by at least 10% by 2015. Technology challenges are identified and prioritized by the OWA members based on the likely savings and the potential for the OWA to influence the outcomes.